Commentary

16 The position of commonholders: compared with leasehold schemes

COMMONHOLD vol 8(1)
| Commentary

16 The position of commonholders: compared with leasehold schemes

| Commentary

16 The position of commonholders: compared with leasehold schemes

Any group of properties consisting of horizontal divisions in a building have been, until the introduction of commonhold, almost invariably provided on a leasehold basis; obvious examples are flats in a block, and offices forming floors or parts of floors in a building1. In such a building the property units are necessarily interdependent in a number of important respects. The structure of the building has to be maintained, the building has to be insured, and usually communal services and amenities are provided; the cost is typically shared between the property units. Such an arrangement can

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